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Nightmare Investment Experience with worldtradex: False Names, Unauthorized Withdrawals, and No Customer Support
This means that I usually end up with a 1-2 pips loss, which can add up to quite a lot if it keeps happening. It’s not like rapid market movements are responsible for these losses either, as they occur quite often.To make things worse, if you’re using the “zero spread” account, you’re already paying $20-30 per lot. But due to these strange pricing issues, you end up paying another $10-20. Profit-making becomes difficult, especially with scalping trading. When I tried to approach them regarding compensating for my losses, they mentioned that it was just slippage of 1-2 pips. I wouldn’t recommend continuing with this broker if that’s the case.To prove this to you, I could share my trading history as evidence if you leave your email address.
Trading central is something that helps me to make more informed decisions and it positively influences my trading results. I like improving every day and increasing my deposit, huh. “It appears there might be a misunderstanding or some confusion regarding your experience,” said worldtradex. According to its reply, the broker denied that worldtradex had transactions with Chessaty, and indicated the review was false.
- BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs.
- The trading infrastructure here is full of modern tools and software that are usually adored by traders.
- They give the impression of reliability, but in fact it is a trap.
- I struggled a little bit with the verification process but since it’s my first time, it’s excusable.
- Hello Fedde, We’re delighted to hear that you appreciate our account options!
- It all depends on the location of the private trader.
I have had so many bad experiences with…
Hence you wont find crazy high leverage here or some too volatile assets like Bitcoin. I’m sure in the past couple of years Bitcoin and other cryptos has destroyed too many deposits and lives of random traders.On the flip side other aspects of the broker look very reliable too. The analytical tools and the huge variety of tradableinstruments corresponds to my strategic approach perfectly. I have also beenenjoying the Competitive spreads and customer service since I invested with this broker. However, there are also complaints about worldtradex.com.
I expected more from this broker
- Anyway, I already enrolled in the tournament and let’s have fun guys.
- Hello Sil Vink,Perhaps you may have confused our company profile with the worldtradex.com company profile on Trustpilot.
- Not only do they offer fast withdrawals but they also give me a lot of perks when trading.
- They write that the trading conditions are adequate, the profit is withdrawn normally.
- Even though a £50 compensation was offered to her after the review was posted, Chessaty only claimed for the money she had earned.
“It is concerning to see a review that seems intended to harm our company’s reputation unjustly. We take such matters seriously and are dedicated to addressing any genuine concerns our customers may have,” the broker added. Complaints are a valuable resource for a Forex broker to improve services. Responsible brokers actively respond to clients’ complaints and offer solutions, while irresponsible ones delay improvement and even refuse to admit mistakes. Not only do they offer fast withdrawals but they also give me a lot of perks when trading. They keep me updated with the latest information so I know what’s https://worldtradex.pro/ going on in the market and what stocks to buy!
Makes me feel like I’m never gonna get that money back. They helped me get my money back, no problem. So yeah, if you’re having trouble with worldtradex like I was, I definitely recommend giving Fundsadvocates, 0rg a try. Overall, though, I gotta say I’m pretty disappointed with worldtradex. Ain’t nobody got time for that sort of shenanigans, you know? They really need to step up their game if they wanna keep their customers happy.
What are your favorite tools to use on the worldtradex platform?
I done emailed them like a bajillion times and ain’t nobody bothered to reply. I even let them know that if I don’t get my hands on that money soon, I’m gonna get kicked out of my house, but nope. Just sit here twiddling my thumbs while worldtradex plays games with my hard-earned cash?
The broker charges an inactivity fee and requires a minimum deposit, but it also offers discounts for active traders. The average spread cost for the EUR/USD pair is 1.2, slightly above the industry average of 1.08. With an average rating for commissions and fees, worldtradex provides a standard cost structure without significant advantages. It offers beginner education videos and general education on forex and CFDs. However, it lacks advanced education resources.
I don’t have enough experience but I…
Honestly, I wouldn’t trust this broker at all. But eventually, after a lot of frustration, I finally got my money back. I must admit, it was a scary situation, but I can’t say worldtradex is a scam.I had invested my money in worldtradex with the goal of making profits. Unfortunately, my experience was quite the opposite. The trading platform had some issues, which made me lose a decent amount of money.
All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing. worldtradex, founded in 2010, is a forex and CFD broker regulated by multiple authorities, including ASIC, FCA, and under MiFID regulations. While it offers a variety of trading instruments and platforms, its overall offerings and ratings are average in the competitive forex market.
It starts from support that was flashed by my millions of questions. I even think I`ve become some sort of legendary figure among them, but still they answered quickly and politely. First of all, I`ve chosen a commission based zero spreads account, but was disappointed with $13.5 per lot. The better choice was 1.6 pips variable spreads that I noticed, it`s better to trade on less volatile periods of time to decrease them. The reputation worldtradex has gained among traders is astonishing. The selection of the account types is like no other broker, one would have trouble choosing which one to choose since few of them seem very attractive.And most importantly this broker is safe and reliable.
